Online and mobile games developer iSoftBet was awarded a full UK Level 3 certification from the UK Gambling Commission this week after fulfilling compliance requirements for the UK market. Hailed as a landmark move for the company, iSoftBet said the award will enable it to achieve an even stronger foothold in the industry. “Level 3 …
According to the National Law Review (NLR), a Washington Federal Court has dismissed a class action suit where the plaintiff’s claimed that social casino games constitute gambling under state law. The court dismissed the class action saying purchasable virtual chips have no value and because the plaintiff’s were not staking or risking something of value, …
In its third quarter report for the period ending September 30, 2015, Greek gaming firm OPAP posted a 13 percent decline in gross gaming revenue to Euro 300.9 million, a decline in EBITDA of 7.6 percent to Euro 87 million and an 8.5 percent fall in net profit to Euro 49.1 million, driven it says …
During an interview with Ralston Reports, a week night news and commentary TV programme hosted by political observer Jon Ralston, Nevada’s Attorney General Adam Laxalt surprised many with his admission that he backs Sheldon Adelson’s Restoration of the Wire Act (RAWA) proposal and intends signing a letter circulating among US attorney general’s in support of …
The Remote Gambling Association (RGA) published the Second Edition of its “Anti-money laundering: Good practice guidelines for the online gambling industry” publication Wednesday. The guidelines cover key areas such as the application of a risk-based approach; due diligence processes; and internal controls. “Our first edition of these guidelines was well received and, more importantly, provided …
Lottery outcome betting firm Lottoland has strengthened its senior management team with the appointment of former 888 vice president of risk management and regulatory operations Lucky Multani as its new chief operating officer. Multani’s primary responsibility will cover the fraud, payments, legal and compliance aspects of Lottoland’s business and its operational performance. He will also …
Swedish games developer Quickspin will provide a range of its content to Mr Green online casino across both mobile and desktop platforms. The portfolio will include recent releases Crystal Queen, Razortooth and the forthcoming Second Strike. Daniel Lindberg, chief executive officer of Quickspin looks forward to the partnership with Mr Green saying their mobile-first philosophy …
Finnish gaming platform provider Finnplay has inked a content supply deal with games developer Endorphina for the delivery of a portfolio of 34 HD casinos games that include popular titles Blast! Boom! Bang! and Geisha. “Our clients operate in an increasingly competitive environment and it is important they have access to the finest and most …
Betting operator Betway was named by the International Tennis Federation as international sponsor of the Davis Cup and Fed Cup by BNP Paribas until 2018. Betway will receive court-side branding at all Davis Cup and Fed Cup by BNP Paribas matches for the duration of the contract.
Online betting exchange Betfair’s half year fiscal period ending October 31, 2015 delivered strong results with a reported revenue rise of 15 percent to GBP 274.4 million against a strong comparative period that included the World Cup. Results were driven by mobile and a 93 percent increase in Sportsbook stakes. Key performance highlights for the …
Pennsylvannia Bill HB649 was introduced and read to the House floor Tuesday following its approval by the House Gaming Oversight Committeelast week (see previous reports). The bill sponsored by Rep. John Payne, would legalise online gambling and allow existing Pennsylvanian bricks and mortar casino licensees the opportunity to apply for an online license at a …
According to the Daily Mail Ladbrokes investor Dermot Desmond is furious that shareholders backed the company’s proposed GBP 2.3 billion merger with Gala Coral saying, “This is only the first of 15 rounds, or ten rounds or even seven rounds. There’s a long way to go.” In addressing the shareholder meeting Tuesday Desmond laid out …
Aristocrat Leisure Limited delivered impressive full year 2015 results for the period ending September 30, 2015 with a return to profit driven by its digital division, the acquisition of its VGT Class II operations and a strong performance in both the North American and Australian markets. Key performance indicators for the full year period include: …
The Malaysian Home Ministry has proposed amendments to its outdated Communications and Multimedia Act, Lotteries Act 1952, Common Gaming House Act 1953 and Betting Ordinance 1953 in a bid to stem the flow of illegal online gambling in the country. Deputy Home Minister Datuk Nur Jazlan Mohamed said during a press briefing Wednesday that authorities …
Spain’s gaming authority Dirección General de Ordenación del Juego (DGOJ) reported encouraging figures for the market this week boosted by the introduction of online slots. Total gross gaming revenues totalled Euro 84.2 million, an increase of 36 percent growth year-on-year. As a consequence of the award of 29 online slot licenses, casino revenues leapt 114 …
A Betsson employee was charged in a Malta Court today for defrauding the company of Euro 153,000. Christiaan Alexander van Dalen (41), who was employed by Betsson Services Ltd as a key affiliate manager, is accused of claiming commission on artificially inflated customer numbers generated by using the details of account holders to open fictitious …
Criminal assets worth CHF50 million ($49.1 million), belonging to BetonSports founder Gary Kaplan have been split between Switzerland and the US, Switzerland’s justice ministry announced Tuesday. The illegally gained revenue had been frozen in Swiss bank accounts since 2009 when Kaplan was sentenced to more than four years in prison for racketeering, conspiracy and violating …
NYX Gaming Group has produced another record-breaking quarter for the three month period ending September 30, 2015, primarily driven by license and royalty revenues. Performance highlights for the three month period ending September 30, 2015 include: – Revenue of C$13.3 million, 111.6 percent growth year-over year; – Organic Revenue excluding acquisitions of C$10.3 million or …
JetBet will launch a branded social sports experience in partnership with mens lifestyle brand Maxim. “Maxim Sports Live” offers fans engagement with the action of live NFL games, demonstrating their knowledge of the team by predicting every play, possession or full game result. Players can predict plays, yardage gained, penalties, turnovers and more in a …
Online betting operator TitanBet has been named the official betting and gaming partner for the GBP 300,000 Cash Converters Players Championship Finals darts event taking place this weekend. The event will televised live on ITV4.
At a Ladbrokes general meeting Tuesday, 96 percent of shareholders voted in favour of the company’s merger with Gala Coral Group Limited to become Ladbrokes Coral plc following other regulatory approvals. 96 percent of shareholders also voted in favour of authorising the directors to allot shares and 94 percent were in favour of approving the …
NYX Gaming Group has acquired the Montréal-based Side City development studio through its wholly-owned subsidiary, NYX Digital Gaming (Alberta) Inc. for a consideration of 333,000 ordinary shares of NYX and a maximum performance-based cash payment of CAD $4.0 million conditional upon Side City meeting certain performance criteria for the 2016 and 2017 calendar years. Side …
Yggdrasil Gaming’s latest offer takes players on a journey through the serene valley of the three goddesses of Nirvana. “Nirvana” offers Wild Seeds, Mega Reels and Nudge Reels, affording players the opportunity to see which goddess brings them the most best luck. The game launches with Yggdrasil’s newly released in-game network tournament, offering a total …
According to The Racing Post, the BHA, Horsemen’s Group and Racecourse Association’s ultimatum favouring levy-friendly bookmakers may just have backfired. Two of Cheltenham’s prestigious prize sponsors are reported to be considering their continued participation after BetFred ended its sponsorship of Cheltenham’s Gold Cup and the Haydock’s Sprint Cup on Sunday. Coral has reportedly ended its …